Bank One Informative - Is Bank One trying to steal our money? - Savings Accounts - Dormant Accounts
Savings Accounts - Dormant Accounts
MICHIGAN -- I have a small savings account at Bank One that I primarily used for overdraft protection.
Bank One seems to have this policy in which they classify accounts that have not had deposits/withdrawals within a certain period of time as DORMANT, in which after they are classified as DORMANT - they basically seize your money.
I have called Bank One and sent them emails to remove the dormant status of this account - but have been unsuccessful as they state that I am required to visit them in person or write them a letter (I thought that was what I was doing when I sent them an email from my via my online account....).
What is really ridiculous about this - is that I have several other accounts at Bank One and this one in particular is linked to my checking account - which is very active.
I feel that Bank One's policy on this issue is bascially an attempt on their part to steal our money.
Has anyone else had this very unpleasant experience with Bank One. I am so angry about this that I am now researching other banks and will never use them (or Chase) again.